Where does the underclass come from? Poor economic conditions and a lack of opportunity, says the left. It's the incentives of the welfare state, says the right. The correct answer is more subtle, says today's guest.

Robert Reich keeps on making consistently fallacious but widely viewed short videos on economic topics. His video demanding a $15 minimum wage is a case in point. Thankfully, you have this episode to help you fight back.

Why is it that despite your excellent arguments, you can't seem to get any traction with a lot of people? Is it enough to appeal to people's reason? Jonathan Haidt offers a provocative argument about how people come to hold their views.

Interest in Austrian economics is growing in China, of all places, and our guest, Jing Jin, gives us the inside scoop from Beijing. Plus: political and economic conditions in China, and whether China's growth is real.

Investor and iconoclast Doug Casey returns to the show to discuss his negotiations to establish a free country in Africa -- plus, he answers the questions you good listeners submitted via my Twitter account!

One reason nobody knows who's a "real conservative" -- and there's even controversy over who's really a libertarian -- is that few people know the history of either of these movements. Jason Jewell walks us through that history and the often rocky but sometimes fruitful relationship between the two groups.

According to the economists of the Austrian School, artificial credit expansion is the primary factor behind the business cycle. Critics have tried to poke holes in the theory, but David Howden shows those holes are just an illusion.

Patrick Newman discusses the depression of the 1870s, which is often cited as evidence of the economic instability of laissez-faire capitalism. It was nothing of the sort, says Newman, who uses Austrian business cycle theory to understand what really happened.

Paul Krugman claims he's gotten everything right in his analysis since the financial crisis, and that his opponents have been dead wrong. Bob Murphy identifies three major areas in which Krugman himself has been dead wrong, and then shows how he's tried to weasel out of them.

According to the conventional wisdom, the Iraq war may have been a bad idea, but "the surge worked." Did it? What do we mean by "worked"? CIA veteran Ray McGovern helps us answer this overlooked question.